FTSE 100 Up; Banks and Defence Names Lead in London
FTSE 100 climbs, smaller stocks fade as large caps pull index up The FTSE 100 closed 63.59 points, or 0.61%, higher at 10,494.21 on Tuesday, as blue-chip stocks led most of the gains. The FTSE 250 fell 36.04 points, or 0.15%, to 23,326.58, with smaller firms falling behind. Most of the strength stayed with the big international names. Oil slipped after the U.S. and Iran agreed to a preliminary peace deal to end fighting and reopen the Strait of Hormuz, a key route for oil exports. Lower oil prices lifted sentiment as inflation and cost worries receded, but energy stocks took a hit. Reuters reported that financial and industrial shares drove the FTSE 100 higher, with banks up and aerospace
